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Bullboard - Stock Discussion Forum K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150... see more

TSX:KNT - Post Discussion

K92 Mining Inc > Price Drop.....No divvie for YOU!
View:
Post by KansasCrude on Feb 18, 2021 3:42pm

Price Drop.....No divvie for YOU!

Maybe its just me but the disproportionate drop in our stock price is due in part to the price drop in AU but also IMO due to himself declaring "NO SOUP FOR YOU!"  as in no Divvie will be paid in spite of all the money we are making.  Furthermore no hint of one in the future.  In fact I intrepreted his tone as we may never pay a divvie...barring Hell freezing over.  Well F*** that.  My 70K shares are now down to 30K shares.  Will probably sell another 10K shares or so.  Buying depressed Kirkland Lake with the proceeds.  They've got 20 million oz of gold still to produce and IMO a lot more to add to reserves.  My guess is more divvie increases in the future there.

Over 70% of my sales were over $6.50 USD.  It was a great run and but  am a firm believer in selling if mgmt is not going to share the cash flows with us unwashed shareholders....
Comment by cyber37 on Feb 18, 2021 6:11pm
It is too early – IMO to share the cash flow in forms of dividends & the cash on hand should be use to grow & prove more reserves instead. YES, since this stock moved to TSX there is more & more parasitic day trading and price swings that are very frustrating. Disproportionate drop of share price vs. price of gold shows me that management has failed to convince existing shareholders of ...more  
Comment by Goldenhope on Feb 18, 2021 9:10pm
well its all abit too cosy now not the growth stock it was and not a dividend stock either that explains the wek price i think its going lower building market places and community projects great and as it shoiuld be but wont grow the company becoming ho hum and more to be made elsewhere  emeriging producers silver is hot right now go look at PAV soon to relist as faina gold Sorry you ...more  
Comment by Severn on Feb 19, 2021 4:56pm
Goldehope,perhaps you can guide us through this difficult time.lf we only possessed your infinite wisdom.Humble to your service.
Comment by deepthinker63 on Feb 18, 2021 9:39pm
The gold price has fallen for 7 months.   Management can't control that.  The price of gold might fall another $200.  They'd be stupid to start a dividend now.  Plus, of course they must help the local community.   They'd be cruel and idiotic not to.
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